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THIS is how to close a PayPal account  – Stilt
Posted by Frank Gogol
PayPal accounts can be very useful. They are an easy and free way to send money to family abroad or pay for things online. You can even set up an account for your business so your clients or customers can pay you.
If for whatever reason, you find you no longer want your PayPal account, closing it down is a quick and hassle-free process that can be completed in just a few minutes. Read on to find out how to close a PayPal account.
Why You Might Want to Close Your PayPal AccountWhat to Know Before Closing Your AccountHow to Close Your PayPal Account What Happens After You Close a PayPal Account? Conclusion
Why You Might Want to Close Your PayPal Account
The good news is even an unused PayPal account doesn’t cost any money to maintain. But if you’re not planning to use your PayPal account again, it might be a good idea to delete it. PayPal is secure, but any place on the web where your personal and financial details are listed can be breached. Deleting your details from places you no longer use decreases your risk of having this information breached.
Some people close their PayPal accounts because it has been compromised and they want to close it down for safety reasons. Business users may want to close an account that was opened for a business that is no longer trading. Users may also choose to close their PayPal account because they’ve switched to an alternative payment gateway, like Venmo or Stripe.
Or maybe you just want to open a new PayPal account with a different email address. If any of these reasons apply to you, you would want to know how to close a PayPal account.
What to Know Before Closing Your Account
The most important thing to know before closing your PayPal account is once it’s closed, it will be permanently closed. You are not deactivating your PayPal account. Deactivating often means that an account can be reactivated later if needed. This is not the case with a PayPal account. Once an account has been deleted, it is permanently closed.
Because you are permanently closing your PayPal account, everything tied to your account will be permanently deleted. This means your transaction history will be lost. It might, therefore, be a good idea to screenshot, print out or otherwise save your transaction history if you think you will need it at a later date. Once the PayPal account is closed, you will not be able to access this information again, even if you open a new PayPal account using the same email address.
Also to close your PayPal account, you will need to use a laptop or computer to access your PayPal account from the web. You cannot delete your PayPal account from the Android or iOS app.
Before you try to close your PayPal account, make sure that there are no unresolved issues on your account. This includes outstanding balances that need to be paid or unresolved problems that need to be taken up with customer service. You will not be able to close a PayPal account if there are unresolved issues tied to your account. Any unpaid money requests will also automatically be canceled.
The last thing to do before closing your PayPal account is to withdraw or collect the entirety of your PayPal balance. You can do this by spending your balance, or by transferring it to another PayPal or bank account. You can also request a check from PayPal, but you will have to pay a small fee on this option.
How to Close Your PayPal Account
Once you have saved a copy of your transaction history, fixed any unresolved issues tied to your account, and collected the entirety of your PayPal balance, it is time to start the process of closing your PayPal account.
Even though closing your account is permanent, the full process actually takes just a few minutes. The process you’ll need to follow is slightly different for a personal account and a business account.
Follow the instructions below on how to close a PayPal account.
How to close your PayPal personal account:
Make sure you have copied your transaction history if you need itMake sure you have no unresolved issues tied to your accountMake sure you have emptied your PayPal balanceLog in to your PayPal account on a web browser on a personal computer or laptopOnce you have logged in to your PayPal account, click on the Settings Menu (the Settings Menu icon is at the top right of your screen, next to the Log Out option)On the Settings Menu, you will see a tab for Account Options. Open this tabUnder the Account Options section, click the Close Your Account buttonIf requested, enter your bank account detailsClick the Close Account button.
If you have a business account, it is also possible to downgrade to a personal account, but you will have to contact customer service to do so.
How to close your PayPal business account:
Make sure you have copied your transaction history if you need itMake sure you have no unresolved issues tied to your accountMake sure you have emptied your PayPal balanceLog in to your PayPal account on a web browser on a personal computer or laptopOnce you have logged in to your PayPal account, click on the Profile button (the Profile button icon is at the top right of your screen, next to the Log Out option)Click on the Profile and Settings buttonClick on Account SettingsAt the top of the Account Settings page, there is a line for Account Type. There is a Close Account button to the right in this line, next to Account TypeClick the Close Account button to delete your PayPal account.
What Happens After You Close a PayPal Account?
Once you have closed your PayPal account, you will not be able to access it again. Your transaction history with PayPal will be lost. Any unpaid money requests are automatically canceled. Future online payments cannot be made using a deleted PayPal account. You also lose unused redemption codes or coupons.
If you need to, you can create a new PayPal account (you can even use the same email address), but you will not be able to view any information from the previous account.
A PayPal account is simple and easy to set up, quick to make international payments, and just as simple and easy to close. If you think you won’t ever use your PayPal account again, it might be worth closing for security reasons.
Before trying to close a PayPal account, make sure you resolve any issues on the account, and withdraw all of your money. And remember – once a PayPal account is closed, it is permanently deleted and you will not be able to access any of the account information, including the transaction history, ever again.
Stilt, Inc strives to keep this blog information accurate and up to date. All information is presented without warranty. Discrepancies may be found. This blog does not consist of legal advice.
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PayPal is about to start charging Canadian users an ‘inactivity’ fee …
Haliburton, Ont. –
Online payment system PayPal is about to start charging its Canadian users a fee on accounts that have not been used within a 12-month period.
Starting Nov. 20, PayPal will begin implementing the fee, charging accounts that have not seen any activity over a course of a year.
“The fee will only apply to accounts that have been inactive for 12 months – where the account holder has not logged in to the account or used it to send or receive money during that period, ” a PayPal spokesperson said in an email to CTV News Friday.
However, the E-commerce company said the fee won’t be applied to accounts that carry a zero balance or are in the red.
“No fee will be charged on accounts with negative balance and the fee will be charged in a way which will not result in a negative balance, ” the spokesperson said.
So, for instance, if a user carries a balance of $7 and has let the account go stale over a course of 12 months, PayPal will charge an inactivity fee of $7 on the account.
The maximum fee that would be applied to an inactive account is $20.
Avoiding the inactivity fee is pretty simple: just log into your account before Nov. 20.
If users fail to log in before the fee goes into effect, they will be notified via email before it’s applied to the account, advising the PayPal client of the inactivity.
The warning email “will inform customers about how to use the balance available on the account” before the fee is applied, the spokesperson said. A user can simply withdraw, donate or make a transaction to avoid the new penalty.
PayPal has already implemented the inactivity fee in several European countries including the UK and Sweden.
How to close and permanently delete a PayPal account
Edgar Cervantes / Android AuthorityDo you need more help with your PayPal problem? Connect one-on-one with a PayPal expert through JustAnswer, an Android Authority partner.
PayPal accounts are great — they’re easy to make, mostly free, and can be used to make quick transactions. But all good things must come to an end, and if you’re here, you’re probably ready to delete your PayPal account you do so, there are a few things you need to know. We’ve listed all the details and step-by-step instructions on how to delete your PayPal account below.
Read also: What is PayPal? How do you use it?
Why should you delete a PayPal account?
There could be many reasons why you may want to delete a PayPal account. Maybe you have a business account, and your business is closing down. Perhaps you’ve switched to an alternative like Venmo or Wise. Or maybe you want to open another account using a different email address. You could also be against the few fees for specific actions, or you are a tinfoil hat user who wants to keep his finances private. Whatever your reason, it’s a good idea to delete your PayPal account if you never plan on using it again. PayPal is secure, but any online service where your personal and financial details are listed should be watched with caution.
Read more: How to add money to PayPal
What to know before taking actionBefore we get into how to delete your PayPal account, there are a few things you need to know. First and most importantly, once you delete your account, it’s gone for good. You can create a new PayPal account using a different (or even the same) email address, but everything tied to your account will be permanently deleted. This means you will lose your transaction history, so make sure to create a copy before closing down your other thing you’ll want to do is withdraw any remaining balance you have in your account. You can do this by transferring it to another PayPal account, transferring it to a bank account, or requesting a check from PayPal. Of course, you can also use the balance to buy goods online or donate it to a worthy you have an outstanding balance from PayPal credit, you will not be able to close the account until you pay it off. The same goes for any pending payments or other unresolved issues tied to your account. You may need to contact customer service to resolve these depending on what the problem to take before closing your PayPal account:
Empty your PayPal balance.
Pay off any outstanding balance.
Fix any unresolved issues (may involve contacting customer service).
(optional) Create a copy of your transaction history.
Read also: Top 5 side hustle jobs to make extra money
How to close and permanently delete a PayPal accountEdgar Cervantes / Android AuthorityOnce you’re sure you want to close your PayPal account and have finished the prerequisites above, it’s time to start the process. Although it’s permanent, the whole process takes a few minutes. It’s worth noting, however, that you can only do this from the web. You will not be able to delete your PayPal account from the Android or iOS process for deleting your PayPal account is the same regardless of whether you have a personal or business account. If you have a business account, it’s also possible to downgrade to a personal account, but you’ll have to contact customer service to do to delete a PayPal account:
Log into your account on
Hover your cursor over your account name on the top-right corner.
Select Account Settings.
Go into the Account Preferences option on the left column.
Click Close account next to the Account type info.
If requested, enter your bank account information.
Click Close account.
Once finished, your account will be closed and everything associated with it permanently deleted.
Read more: Can you use PayPal on Amazon?
Do you still need help with your PayPal problem? Connect one-on-one with a PayPal expert through JustAnswer, an Android Authority partner.
Frequently Asked Questions about can i cancel my paypal account
How do I get out of PayPal?
“No fee will be charged on accounts with negative balance and the fee will be charged in a way which will not result in a negative balance,” the spokesperson said. … The maximum fee that would be applied to an inactive account is $20.Sep 3, 2021